Significant increase in 2005 1st quarter sales: + 21%

(1) Germany, Belgium, Italy, Spain and Portugal

Stallergènes Group reported a sustained growth in 2005 1^st quarter sales of 21%, primarily relating to a very strong growth in sales in France of 27% in continuation of 2004 end of year activity.

Subsidiaries’ sales rose 13%, notably benefiting from the end of the 10% sales price regulatory discount in Germany. 2005 1^st quarter sales do not incorporate sales of the Group’s Spanish subsidiary IPI, which was acquired on 9 March 2005, and whose sales will be consolidated from 1 April 2005.  

Distributors’ sales improved by 14%, with all countries reporting regular growth.

This very good start of year, which was widely expected, enables the Group to confirm its 2005 forecast of double digit organic sales growth and continuing profitability growth.